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Stablecoins USDT, USDC Expand by $10B in a Month, May Drive Crypto, Bitcoin (BTC) Prices Higher

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The supply of Tether’s USDT and Circle’s USDC – the two largest stablecoins – expanded by nearly $10 billion combined over the past 30 days, 10x Research pointed out. Meanwhile, the supply of MakerDAO’s DAI and Hong Kong-based First Digital’s FDUSD, the third and fourth largest stablecoins, also expanded by 5%-10% in this period, CoinGecko data shows.



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